Earnings season is about to bring in some key tech stock updates from Facebook Inc (NASDAQ:
As usual, we like to include the analyst’s track record when reporting on new analyst notes to give a perspective on the effect it has on stock performance. According to
Let’s take a closer look:
Tomorrow, November 2nd, Facebook is preparing to deliver what Graham anticipates will be another stellar notch in a belt of solid quarters and “positive stock moves” for the social media giant.
In FB’s well-rounded rising arc that tells the tale of a giant who continues to surge, Graham he cannot help but wonder, “We are consistently asking ourselves when the beat and raise music might stop. That said, we continue to find the company’s multi-faceted growth appealing.”
Therefore, the analyst reiterates a Buy on shares of FB with a $160 price target, which represents just under a 22% increase from current levels.
For the third quarter, the analyst projects monthly active users (MAUs) will...